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NBG: MAINTAINING INFLATION IN GEORGIA WITHIN TARGET LIMITS IS LARGELY CONDITIONED BY DOMESTIC ECONOMIC FACTORS
Maintaining inflation within target limits is largely conditioned by domestic economic factors, says the National Bank of Georgia (NBG). Since the beginning of 2023, inflation in Georgia has remained ...
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NBG, ALONG WITH BASELINE SCENARIO, CONSIDERS HIGH AND LOW INFLATION RISK SCENARIOS
The National Bank of Georgia (NBG), along with the baseline scenario, examines high and low inflation risk scenarios. According to the baseline scenario of NBG, inflation in 2025 will make up 4.2%, ...
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“TI GEORGIA”: AFTER US SANCTIONS, BIDZINA IVANISHVILI STARTED TRANSFER HIS OFFSHORE ASSETS TO GEORGIA
On December 31, 2024, just few days after the US Treasury Department imposed financial sanctions on founder and honorary chairman of the Georgian Dream, billionaire Bidzina Ivanishvili (December 27, ...
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AT “GREEN WEEK” EXHIBITION IN GERMANY, 10 GEORGIAN COMPANIES WERE PRESENTED
The exhibition “Green Week”, held in the German capital Berlin (January 17-26), featured 10 Georgian agri-food companies, Georgian Ministry of Environment Protection and Agriculture reported. Among ...
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NBG DECIDED TO KEEP MONETARY POLICY RATE AT 8%
NBG DECIDED TO KEEP MONETARY POLICY RATE AT 8%. The National Bank of Georgia (NBG) declared that its Monetary Policy Committee decided today to keep the monetary policy rate (refi ...
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NBG HELD SEMINAR ON GLOBAL ECONOMIC TRENDS AND FUTURE RISKS
The National Bank of Georgia (NBG) held an international seminar on impact of global economic trends and risks. As NBG said, participants of the event have discussed regional problems and ways to ...
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EX-PRESIDENT OF NBG: STATEMENT ON UAE INVESTMENT OF $6B IN GEORGIA IS A BLUFF
The statement on UAE investment of $6 billion in Georgia is a “bluff”, said opposition politician Roman Gotsiridze (president of the National Bank of Georgia in 2005-2007). “To this lie is added that ...
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NBG: 85% OF DISPUTES RESOLVED IN FAVOR OF CITIZENS
In 2024, the adjudication commission of the National Bank of Georgia (NBG) considered up to 90 disputes between consumers and payment service providers, including banks. As NBG said, 85% of disputes ...
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GEORGIAN AGRICULTURE MINISTRY: COST OF EXPORTED APPLES INCREASED 6 TIMES Y-O-Y, HAZELNUTS – BY 37%
Starting from August 1, 2024 and through January 26 of this year, 9,100 t of apples were exported, which cost totaled to $5.8 million, Georgian Ministry of Environmental Protection and Agriculture ...
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IN 2024, GEORGIAN BANKS’ MORTGAGE LENDING IN LARI INCREASED BY 23.5%
As of December 31, 2024, mortgage loans, issued by Georgian banks in national currency, totaled to 19.97 billion lari, the National Bank of Georgia reported (estimation). If compared to the same ...
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IN 2024, GEORGIAN BANKS’ MORTGAGE LENDING IN FOREIGN CURRENCY INCREASED BY 8.7%
As of December 31, 2024, mortgage loans, issued by Georgian banks in foreign currency, totaled to equivalent of 19.79 billion lari, the National Bank of Georgia reported (estimation). If compared to ...
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IN DECEMBER 2024, NBG REPLENISHED CURRENCY RESERVES BY $28.6M
Interventions, conducted on the Bmatch platform in December 2024, allowed replenishment of foreign currency reserves by $28.6 million, the National Bank of Georgia (NBG) reported. As a result, Georgia ...